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Let’s All Move Forward Together in 2023

Jan 23, 2023 05:00AM ● By Emily Freehling

Community Bank of the Chesapeake brings a local touch to money management


Banking can feel like an impersonal game of numbers when you are one tiny account within a giant company. At Community Bank of the Chesapeake, banking is much more personal.

“It’s about helping people,” said Philip Pierce, Business Development Officer for Community Bank. “Our jobs are to help people move forward with their dreams, whether that is financing the first car for their teenager, providing a home equity line of credit for a home renovation, sending a child to college or helping a customer to start their own business.”


Philip and the rest of the team at Community Bank’s two Fredericksburg-area branches in Downtown and at Harrison Crossing live, work and raise their families in this region. As they work with personal and business banking customers, they see first-hand the importance of shopping local, whether for retail goods or banking needs.

“Banking can seem impersonal at times because of all of the new developments with online and mobile banking. Don’t get me wrong—we offer these powerful tools to our customers, too—but at the end of the day, we see time and again that when people know there is someone at the branch who knows them, who cares about how their kids are doing and who is also a part of the community—that provides a sense of security and pride in where you are storing your money,” said Pierce.

As Fredericksburg continues to move forward in 2023 from the challenging years of the pandemic, Community Bank of the Chesapeake is here to help both our customers and our community with competitive products and community-minded programs.


Boost Your Earnings with CDs

This inflationary environment is a good time to look at your savings options. A 13-month CD (certificate of deposit) with Community Bank offers interest rates between 2.25-3.00% APY. And unlike many other banks, our 13-month CD comes with a one-time penalty-free withdrawal. They are one of the tools we have to help you get the most from your savings. Come talk to us about how to optimize your savings this year and check out our CD specials at


A Stress-free 2023 Holiday Starts Now

As a community bank, we are all about building solutions that meet the needs our customers face in their day-to-day lives. Holiday spending can feel stressful, but saving just a little every month toward big expenses like this can make things much more manageable. Our Christmas Club account is designed just for this. A Christmas Club savings account allows you to design your own schedule of recurring deposits from another Community Bank account. These funds are automatically put away, and we mail you a check in October with these special savings that have been set aside for holiday spending, a big vacation, or whatever your goal may be. Start saving for your dream today!


Get Rewarded for Shopping Local

Our personal and business credit cards offer competitive rates and the ability to earn cash back. With a Community Bank of the Chesapeake credit card, you’ll have even more incentive to shop local, as we offer double rewards at the local merchants in our Community Perks program. These cards are backed up with local customer service, just like everything else we do. Visit to get started.


Build a New Generation of Savers

Helping young people learn the basics of personal finance is important to us. Whether you have a teenager about to receive their first paycheck, or a younger child with birthday money to save, we have accounts tailored to help youth learn how banking works. Kids Club Savings Accounts are available for children through age 12, and give your child the chance start to learn about money management. A $25 minimum initial deposit is required. Our Checking Perks Teen Accounts are for children ages 13 through 17. They have no monthly balance requirement, and give your teen the freedom to learn about money management with the safety of a joint account. Access to tools like online and mobile banking, e-statements, mobile alerts, a debit card and mobile wallet will help your teen learn the ropes of modern banking before they’re out on their own.


It's All About Community!

There’s a reason our name starts with “Community”. Our team members are always looking for new ways to get out and meet the people who make the Fredericksburg region such a wonderful place to live. We are a proud supporter of Fredericksburg VA Main Street Inc., the Fredericksburg Area Museum, the University of Mary Washington’s William B. Crawley Great Lives Lecture Series and many other events and groups in the area. Our Cash Mobs have become a fun surprise at local small businesses, such as Battlefield Country Store, where cash mobbers stocked up on delicious foods and candies in JuneMONTH. We enjoy living and working in Fredericksburg as much as you do. Here’s to continuing to move Fredericksburg forward in 2023!


Powerful Mobile Tools

We give you all the digital banking tools you’d expect from a larger bank, backed by our friendly local staff based right here in Fredericksburg. We are constantly improving our mobile banking app to deliver all the convenience, control and safety you’ve come to expect from the modern banking experience. Banking local doesn’t require any compromise on having the digital banking tools you need!


Info Sessions

CBTC Forums: Educating our Community

We’re excited to begin monthly forums that will provide community members the opportunity to expand their financial knowledge on topics ranging from building credit, or savings to preparing for your child’s College. The forum will be open to the public with limited seating, so please pre-register. Lunch will be provided.

To register, visit


January 18, 2023

  • 11:30 am -1:00 pm
  • Fredericksburg Public Library
  • Topic: Financial Planning, Budgeting

February 15, 2023

  • 11:30 am – 1:00 pm
  • Fredericksburg Public Library
  • Topic: Saving with a Plan

March 15, 2023

  • 11:30 am – 1:00 pm
  • Fredericksburg Public Library
  • Topic: Building and Using Credit Wisely
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